“EU-wide Carbon Price Support (CPS) will avoid up to 943 million tonnes of CO2 in EU 2017 – 2025”

The introduction of an EU-wide carbon price would help member states avoid 943 million tonnes of CO₂ by 2025 as electricity generation from hard coal and lignite will decrease by 28 percent, according to a study by non-profit EWI Energy Research & Scenarios (ewi ERS). “No other instrument avoids the same amount of additional CO₂ at a lower cost. The average price for CO₂ abatement is approximately 24 euros/t CO₂,” writes ER&S in a presentation of the results. Operators of nuclear power plants, renewables facilities and natural gas-fired power generators would be the winners of a carbon floor price, writes ewi ER&S.